Key Points
- VP Isaac Woods sold 500 shares at an average price of $402.61, worth about $201,305. The sale was made under a pre-arranged Rule 10b5-1 plan; he retained 1,358 shares afterward.
- Rockwell reported quarterly EPS of $3.88, above analysts’ $3.69 estimate, while revenue of $2.33 billion fell short of forecasts. Revenue was up 0.7% year over year.
- The company raised its quarterly dividend from $1.38 to $1.45 per share, equivalent to an annualized $5.80 and a 1.4% yield.
Rockwell Automation, Inc. (NYSE:ROK - Get Free Report) VP Isaac Woods sold 500 shares of the firm's stock in a transaction that occurred on Thursday, November 12th. The shares were sold at an average price of $402.61, for a total value of $201,305.00. Following the completion of the sale, the vice president directly owned 1,358 shares of the company's stock, valued at approximately $546,744.38. The trade was a 26.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Isaac Woods also recently made the following trade(s):
- On Tuesday, September 8th, Isaac Woods sold 154 shares of Rockwell Automation stock. The stock was sold at an average price of $432.62, for a total value of $66,623.48.
Rockwell Automation Stock Performance
Shares of NYSE ROK traded down $1.67 during midday trading on Friday, hitting $402.53. 913,260 shares of the company's stock were exchanged, compared to its average volume of 1,074,089. The company has a quick ratio of 1.35, a current ratio of 2.11 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $44.70 billion, a PE ratio of 32.07, a price-to-earnings-growth ratio of 2.83 and a beta of 1.51. Rockwell Automation, Inc. has a 12 month low of $347.53 and a 12 month high of $497.36. The company's 50 day moving average price is $426.86 and its 200 day moving average price is $426.80.
Rockwell Automation (NYSE:ROK - Get Free Report) last posted its quarterly earnings results on Thursday, November 5th. The industrial products company reported $3.88 earnings per share for the quarter, beating analysts' consensus estimates of $3.69 by $0.19. Rockwell Automation had a return on equity of 41.79% and a net margin of 15.68%. The business had revenue of $2.33 billion for the quarter, compared to analysts' expectations of $2.41 billion. During the same quarter in the prior year, the business earned $3.34 EPS. The firm's revenue for the quarter was up .7% on a year-over-year basis. Rockwell Automation has set its FY 2027 guidance at 14.500-15.500 EPS. As a group, analysts predict that Rockwell Automation, Inc. will post 14.95 earnings per share for the current fiscal year.
Rockwell Automation Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Monday, November 16th will be given a dividend of $1.45 per share. This represents a $5.80 dividend on an annualized basis and a yield of 1.4%. This is a positive change from Rockwell Automation's previous quarterly dividend of $1.38. The ex-dividend date of this dividend is Monday, November 16th. Rockwell Automation's dividend payout ratio (DPR) is presently 43.98%.
Institutional Trading of Rockwell Automation
Hedge funds have recently added to or reduced their stakes in the company. Virtus Advisers LLC bought a new stake in Rockwell Automation in the 2nd quarter valued at $25,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in Rockwell Automation by 6,400.0% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 65 shares of the industrial products company's stock valued at $28,000 after buying an additional 64 shares in the last quarter. Fulcrum Asset Management LLP bought a new position in Rockwell Automation during the 3rd quarter worth $30,000. Cassaday & Co Wealth Management LLC bought a new position in Rockwell Automation during the 1st quarter worth $31,000. Finally, Elevation Wealth Partners LLC increased its position in Rockwell Automation by 700.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 88 shares of the industrial products company's stock worth $44,000 after buying an additional 77 shares during the period. 75.75% of the stock is owned by institutional investors and hedge funds.
Latest Rockwell Automation News
These are some of the ROK news items that stood out recently:
- Positive Sentiment: Rockwell introduced LogixEdge, an industrial PC-based controller combining Logix control, edge computing and containerized applications. The platform is designed to simplify factory systems and support software-defined automation, creating a new product opportunity, though financial impact is not yet known. Article: Rockwell Automation Introduces LogixEdge Controllers
- Positive Sentiment: Technology partner Laminar will bring real-time fluid monitoring capabilities to Rockwell customers, with a focus on improving manufacturers’ cleaning and product-changeover processes. The collaboration may strengthen Rockwell’s automation offering and help customers improve efficiency and resource use. Article: Laminar Joins Rockwell Automation PartnerNetwork
- Negative Sentiment: An analyst highlighted Rockwell’s global tax profile as a risk, with tax rates potentially fluctuating due to jurisdictional factors and government incentives. Such changes could add uncertainty to earnings. Article: Rockwell Automation’s Tax-Rate Risk
Wall Street Analysts Forecast Growth
ROK has been the topic of several research analyst reports. Sanford C. Bernstein increased their price objective on shares of Rockwell Automation from $501.00 to $514.00 and gave the company a "market perform" rating in a research report on Friday, August 14th. Robert W. Baird set a $514.00 target price on shares of Rockwell Automation in a research note on Wednesday, August 5th. DA Davidson reduced their target price on shares of Rockwell Automation from $500.00 to $490.00 and set a "neutral" rating for the company in a report on Friday, August 21st. Deutsche Bank lifted their target price on shares of Rockwell Automation from $469.00 to $500.00 and gave the stock a "hold" rating in a report on Wednesday, September 30th. Finally, The Goldman Sachs Group decreased their price target on shares of Rockwell Automation from $510.00 to $485.00 and set a "neutral" rating on the stock in a research note on Wednesday, September 30th. Nine analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $471.33.
Check Out Our Latest Analysis on ROK
Rockwell Automation Company Profile
(
Get Free Report)
Rockwell Automation, Inc. is an industrial automation and digital transformation company headquartered in Milwaukee, Wisconsin. Its roots date to 1903, when it was founded as the Compression Rheostat Company. The company provides hardware, software and services that help manufacturers automate and manage industrial operations. Its offerings include control systems, sensors, motor-control products, industrial software and services for optimizing production and maintaining equipment. Its Allen-Bradley and FactoryTalk brands are among its best-known product lines.
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